Friday 21 July 2017
 
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Opec

Saudi official named Opec's research head

The Opec Board of Governors has confirmed the appointment of Saudi Arabia's Dr Ayed S Al-Qahtani as the new director of Research Division. The board also appointed new heads for the Energy Studies and Petroleum Studies departm

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Crude spreads tightened over Opec deal

The Opec/non-Opec deal has had a meaningful impact on crude grade differentials across the world, a report said, highlighting that light versus medium or heavy grades have continued to tighten substantially in the past six months.

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Demand for Opec oil to fall next year

Opec has forecast that world demand for its crude will decline next year as rivals pump more, pointing to a market surplus in 2018 despite an Opec-led output cut, a

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Opec approves $320m development funds

The Organization of the Petroleum Exporting Countries (Opec) has approved new funds worth more than $320 million for setting up key projects in developing countries across the world, said a report. The loans underline the internat

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Brent likely to average $50 this year: report

A Bank of America (BofA) Merrill Lynch research study has cut the average Brent forecasts to $50 this year and $52 per barrel (/bbl) next year, from $54 and $56/bbl before. By increasing output in 4Q16 ahead of the cuts in 2017, O

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Brent likely to average $50 this year: report

A Bank of America (BofA) Merrill Lynch research study has cut the average Brent forecasts to $50 this year and $52 per barrel (/bbl) next year, from $54 and $56/bbl before. By increasing output in 4Q16 ahead of the cuts in 2017, O

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Oil demand to pick up despite Q2 price slump: UAE minister

Oil demand is expected to pick up during the rest of the year, despite the price fall by the end of the second quarter (Q2), said the UAE energy minister, expressing optimism over the impact of Opec's recent move to extend supply curb into 2

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Oil demand growth below expectations in H1

Oil demand growth has undershot expectations in the first half (H1) of 2017, removing support to oil prices just when the market needed it most, a report said. Globally, demand expanded by just 900,000 barrels per day (b/d) in the

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Oil demand growth below expectations in H1

Oil demand growth has undershot expectations in the first half (H1) of 2017, removing support to oil prices just when the market needed it most, a report said. Globally, demand expanded by just 900,000 barrels per day (b/d) in the

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Opec, non-Opec conformity level hits 106pc

Organization of the Petroleum Exporting Countries (Opec) and the participating non-Opec countries have recorded the highest conformity ever with their voluntary adjustments in production, achieving a level of 106 per cent, reported AzerNew

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